Customs Act Update: New Exchange Rate for Turkish Lira Adjusted for Imports and Exports Effective December 25, 2021.
The Central Board of Indirect Taxes and Customs has amended Notification No. 98/2021-CUSTOMS (N.T.) under the Customs Act, 1962. Effective from December 25, 2021, changes have been made to the exchange rate for the Turkish Lira in Schedule-I. The new rate for imported goods is set at 6.70 Indian rupees per unit of Turkish Lira, while the rate for export goods is 6.30 Indian rupees per unit.